2 Banks AD Code registeration

[Guest]

Our Bank-1 AD code was registered with custom. But because of their High charges, We registered Bank-2 AD Code with Custom.

Custom registered Bank-2 AD Code, but didn't registered BANK-2 IFSC Code for receipt of Drawback. So, Our Drawback still comes in Bank-1.

Now the Questions are:-
1. Can we still Receive the Export Payment & Send the shipment with Bank-1 AD Code ????

2. Can we receive Export Payment in Bank-1. (FIRC Issued by Bank-1), and send the shipment with Bank-2 AD Code (Bank-2 AD Code written on shipping Bill) ??? If Yes, Then With Which bank, we should deposit the Post Shipping documents to get E-BRC ??

[YAGAY andSUN]

This needs to be discussed with the Commissioner of Customs and with your Customs Broker.

[DR.MARIAPPAN GOVINDARAJAN]

Yes, I agree with the view of Yagay and Sun.

AI Summary

AD code usage in export documentation may affect receipt of export proceeds and drawback processing; consult customs for registration alignment. The issue concerns two banks having separate AD codes with customs where Bank-2's IFSC is not registered for drawback receipts, causing drawback and E-BRC to be routed to Bank-1; exporters must consult the Commissioner of Customs and their customs broker to determine whether export payments and shipping bills can reference different AD codes and which bank should receive post-shipment documents for E-BRC and drawback processing.